Utility Scale PV

Indian Renewable Energy Development Agency Ltd. (IREDA) recorded an all-time high annual net profit of INR 865 crore in FY 2022-23. The profit was up 36% over FY 2021-22. Loans sanctioned and disbursed also hit record levels.

SJVN Green Energy has invited bids to install and commission a 100 MW (AC) grid-connected solar plant on a turnkey basis in Gujarat. The contractor’s scope also includes three years of comprehensive operation and maintenance of the solar plant.

Solar Energy Corp. of India Ltd (SECI) traded over 35 billion units of renewable power during FY 2022-23. Revenue from power trading surpassed INR 10,000 crore.

A new report says India will require INR 5.5-6 trillion to create 115-125 GW of renewable energy capacity and INR 3-3.5 trillion to meet 35-40 GW of electrolyzers requirement in order to reach green hydrogen production capacity of 5 MMT per annum by 2030.

Telecommunications Consultants India (TCIL) has issued an expression of interest to select an EPC partner for a 25 MW solar plant in Mauritius. Bidding closes on April 28. 

The state-run oil and gas company will build 240 MW of renewable power generation capacity with an investment of INR 1,600 crore this fiscal. The capacity will purportedly supply power for its refineries.

Solar power generators have until May 24 to bid for supplying the power from their proposed or under-construction PV projects under a 25-year PPA. 

International Finance Corp. (IFC) has subscribed to IndiGrid’s listed, non-convertible debentures aggregating to INR 1,140 crore (($138.84 million).

The developer said the funds raised would go towards refinancing its existing dollar debt and funding various growth initiatives.

Avaada Energy has won a 200 MW (DC) solar project for supplying solar power to Gujarat Urja Vikas Nigam Ltd at a tariff of INR 2.75 ($0.033)/kWh.